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March 13th, 2018Click to open document in a browserThe Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry (the Royal Commission) will commence its first round of public hearings today. The hearings will focus on consumer experiences when purchasing products such as credit cards, car loans and residential...

March 5th, 2018The principal Acts in 2017 which amended the legislation reproduced in the Australian Superannuation Legislation 2018 title are noted below, together with a summary of the main changes made by the Acts:Treasury Laws Amendment (2017 Measures No 2) Act 2017 (No 55 of 2017)
Treasury Laws Amendment (2017 Measures No 4) Act 2017 (No...

February 26th, 2018Excerpted from the Australian Tax Treaties 2018 title, below are key changes which have occurred between 1 January 2016 and 1 January 2018.During this period, two agreements came into force:The revised German Agreement that was signed on 12 November 2015 entered into force on 7 December 2016. This agreement (now Australian...

February 26th, 2018Set out below is an overview of major Income Tax Legislation changes effective to 1 January 2018, extracted from the Australian Income Tax Legislation 2018 – 3 Volume Set.
Tax and Superannuation Laws Amendment (2016 Measures No 2) Act 2017
(No 15 of 2017, assented to 28 February 2017 and effective from 1 March 2017)The Act...

February 16th, 2018Australian workplaces today have a set of clear and established legal obligations to protect workers from dangerous, unlawful or inappropriate conduct in the workplace. However, claims of bullying, discrimination, sexual harassment, fraud, adverse action and unfair dismissal may still arise in all types of workplaces.Our Workplace...

February 14th, 2018Many Australian couples will be forking out a significant amount of money to celebrate Valentine’s Day. Why not make this Valentine’s day GST-free by baking your loved one a decadent (sugar-free) chocolate cake that won’t break the bank!
GST-FREE CHOCOLATE CAKE INGREDIENTS1/2 cup cocoa powder
1/2 cup self-raising flour
...

February 9th, 2018By Geoff Bloom, Andrew Galvin and the regulatory advice team at HWL Ebsworth in Sydney, consultants to the Australian Privacy Reporter.The Notifiable Data Breach (NDB) Scheme has been legislated in an amendment to the Privacy Act 1988 (Cth) (the Act), commencing on 22 February 2018. It introduces mandatory reporting for Australian...

February 8th, 2018CCH Networks recently hosted a webinar in which respected KPMG tax partner Grant Wardell-Johnson shared insights into US tax reforms enacted in December 2017. These changes will significantly impact not only US businesses and individuals but also the global economy. Grant Wardell-Johnson explores some of the implications for...

February 7th, 2018The Productivity Commission has released its draft report on 7 February 2018 which recommends that financial regulators should collectively place more emphasis on competition. According to the Commission, competition fosters innovation, which gives us a financial system that offers ready access to funds at all hours of the day, safe and...